GREY:HGGOF - Post by User
Post by
tarsandson Jan 04, 2021 12:02pm
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Post# 32215539
2021 the Year ahead.
2021 the Year ahead.From Marketwatch article
In our call of the day, LPL Financial chief market strategist Ryan Detrick said the strong year-end rally in 2020 could have “bulls smiling” in 2021.
The S&P 500 SPX, -2.02% rose more than 14% in November and December, ending a tumultuous year at a new all-time high of 3,756.07 — gaining 16.3% in 2020. Detrick said a 10% or more gain in the final two months of the year has led to a higher S&P 500 the following year every single time since World War II. “In fact, January was also higher every single time as well, so maybe this strong rally is a clue for higher prices into [2021].”